NISM Series V A Chapter 9: Investor Services 📚 Full Explanation💯 MFD скачать в хорошем качестве

NISM Series V A Chapter 9: Investor Services 📚 Full Explanation💯 MFD

📚 NISM Series V A Chapter 9: Investor Services | Full Detailed Explanation India’s Most Trusted Platform 😎 For NISM Series Exam Practice. 🌐 Visit our website: https://nismseries.com/ 📞 Contact: +91 9907566149 +91 9485132399 📧 Email: help.nismseries@gmail.com The most PRACTICAL chapter with high weightage! This is the machinery behind India's mutual fund industry—how funds launch, money flows in/out, and daily operations work. 🎯 What You'll Learn: ✅ NFO Process (SID, SEBI approval, 15-day timeline) ✅ Direct vs Regular Plan (TER & NAV difference) ✅ Growth vs IDCW Payout vs Reinvestment (with examples) ✅ KYC & KRA (one-time, pan-based) ✅ SIP, SWP, STP (systematic plans explained) ✅ Cut-off Timings (Equity 3 PM, Liquid 12:30 PM) ✅ Minor to Major status change (Folio freeze at 18) ✅ Nomination vs Legal Heir (Will overrides) ✅ CAS (Consolidated Account Statement) 📌 Key Concepts: NFO (New Fund Offer) Process: • AMC creates SID (Scheme Information Document) - scheme's birth certificate • Trustees & Board approve → SEBI approval (Gatekeeper role) • NFO open: Min 3 business days, Max 15 business days • Allotment/refund within 5 business days of NFO close, else 15% annual penalty Direct vs Regular Plan: • Direct: Invest directly with AMC (no distributor) → Lower TER → Higher NAV • Regular: Via distributor (commission included) → Higher TER → Lower NAV • Both NAVs differ daily because of TER difference Growth vs IDCW Options: • Growth: All earnings reinvested, NAV keeps growing • IDCW Payout: Dividend paid to bank account, NAV drops by dividend amount • IDCW Reinvestment: Dividend reinvested at reduced NAV, more units allocated All three have same total value—just different management styles Example (100 units @ ₹10 NAV, 1 year later NAV ₹12, ₹1 dividend declared): • Growth: 100 units × ₹12 = ₹1,200 • Payout: 100 units × ₹11 + ₹100 cash = ₹1,200 • Reinvestment: 109.09 units × ₹11 = ₹1,200 KYC (Know Your Customer): • One-time process (PAN + Address proof) • KRA (KYC Registration Agency): Central server—once done, valid everywhere • Aadhaar-based eKYC & Video-based verification available • PAN exempt: Possible only up to ₹50,000/year (KYC still mandatory) Systematic Plans: SIP (Systematic Investment Plan): • Fixed amount auto-invests monthly • Rupee Cost Averaging: Buy more units when NAV low, fewer when high • Builds discipline, removes market timing stress SWP (Systematic Withdrawal Plan): • Opposite of SIP—withdraw fixed amount monthly • Retirement income tool (pension-like) • Rest of corpus stays invested and grows STP (Systematic Transfer Plan): • Park lumpsum in liquid fund → Transfer fixed amount monthly to equity fund • Staggers entry into volatile markets Cut-off Timings (EXAM CRITICAL!): Equity & Debt Funds: • Purchase/Redemption cut-off: 3:00 PM • Before 3 PM (application + money received) → Same day NAV • After 3 PM → Next business day NAV Liquid & Overnight Funds: • Purchase cut-off: 12:30 PM • Before 12:30 PM → Previous day NAV (to capture overnight accrual) • Why? Corporate treasuries park overnight cash; ensures no return day is missed Time Stamping: Tamper-proof machines at all acceptance points. Minor to Major Transition: • When minor turns 18, folio FREEZES automatically • All transactions stop (including SIPs/STPs) • Why? New adult now has legal rights • Must update: New PAN, KYC, bank account → Then folio reactivates Nomination: 🚨 Big Misconception: Nominee is NOT the owner! • Nominee = Trustee/Caretaker (claims units after death) • Actual ownership: Decided by Will (inheritance law) • Will overrides nomination always • SEBI made it mandatory: Either nominate OR opt-out declaration CAS (Consolidated Account Statement): • PAN-based statement showing all MF holdings across all AMCs • No need to visit individual AMC websites • Sent monthly (if transaction) or half-yearly 🔔 Subscribe for complete NISM chapter-wise videos! 💬 Comment your doubts below! #NISMSeriesVA #Chapter9 #InvestorServices #SIP #SWP #STP #KYC #DirectPlan #RegularPlan #NFO #CutOffTime #MinorToMajor #Nomination #NISMExam